Deal

China’s biggest e-commerce company Alibaba Group Holding Ltd has delayed its up to $15bn listing in Hong Kong amid growing political unrest in the Asian financial hub, two people with knowledge of the matter told Reuters.

In its biggest acquisition to date, Mastercard will buy Nets for 2.85bn euros ($3.19 billion). With the purchase of the Denmark-based payments platform, Mastercard is picking up an electronic billing platform that offers clearing and instant payment services, continuing its efforts to move beyond plastic, according to a statement on Tuesday.

Saudi Arabia’s flyadeal is terminating a prior order for Boeing’s 737 Max jet and is switching to European rival Airbus, in what is seen as the latest blow to the American manufacturer as it seeks to return the beleaguered fleet to flight after two fatal crashes. The budget airline, which in December said it would purchase 50 Max jets, announced on Monday that it will instead purchase 50 Airbus A320neo narrow-body jets, a direct rival to Boeing’s update to the popular 737 airliner.

Saudi Arabia's Crown Prince Mohammed bin Salman got a great deal with China as Saudi Aramco signed off on a $10bn refinery and petrochemical project with two Chinese companies hours before the meeting with President Xi Jinping to wrap up his two-day visit culminating on Friday.

The UK headed for a political chaos after last Tuesday PM Theresa May suffered the biggest ever defeat by a sitting government with MPs rejecting her EU withdrawal agreement, but a day later survived a no confidence vote. Lawmakers voted 432-202 against her deal triggering political chaos that could lead to a disorderly exit from the EU or even to a reversal of the 2016 decision to leave.

Leaders across Europe reacted on the House of Commons vote with caution urging all sides to consider next steps in a constructive mood. According to EU Brexit negotiator Michel Barnier, the vote showed is that the “political conditions for the ratification of the Withdrawal Agreement are not yet there in London.” He added that the EU regrets the outcome of the vote as the Withdrawal Agreement was constructed together with the British government, on an objective basis.

British PM Theresa May is making last ditch effort to convince rebel MPs to back her Brexit divorce deal, warning them that Britain's exit from the EU is now in peril from politicians seeking to thwart it. May will also set out new assurances from the EU that it does not aim to sever Northern Ireland from the rest of Britain under the “backstop” requiring EU rules in the province until a better free trade plan emerges.

British PM Theresa May suffered an early defeat to her Brexit plans last Wednesday when parliament demanded the government come up with a plan-B within days if she loses a vote on her deal to leave the EU, news wires reported. With less than three months before Britain is due to quit the EU, parliament began a five-day battle over May's Brexit plan with undermining her preferred timetable. Lawmakers are to vote down her blueprint on 15 January.

The European Commission repeated on Monday that EU leaders would not renegotiate a Brexit treaty agreed last month with Prime Minister Theresa May and was pressing on with planning for Britain to crash out of the Union without a deal.

After 18 months of negotiations, the United Kingdom and the European Union have finally drafted a Brexit deal, which includes a financial settlement and a customs union backstop to prevent a hard border between Ireland and Northern Ireland, news wires reported. The draft document includes 585 pages and has to ve voted by UK parliament and parliament of the other 27 EU Member States in order to get legal status.